DA Davidson Raises National Bank (NYSE:NBHC) Price Target to $53.00

National Bank (NYSE:NBHC) had its price objective raised by analysts at DA Davidson from $51.00 to $53.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. DA Davidson’s price target suggests a potential upside of 16.38% from the company’s current price.

NBHC has been the subject of several other research reports. Stephens raised their price objective on National Bank from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday. Keefe, Bruyette & Woods boosted their price objective on shares of National Bank from $39.00 to $45.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Piper Sandler raised their target price on shares of National Bank from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday. Hovde Group boosted their price target on National Bank from $42.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, StockNews.com downgraded National Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, National Bank presently has a consensus rating of “Hold” and an average target price of $49.00.

National Bank Trading Up 1.1 %

Shares of NBHC traded up $0.49 during trading hours on Thursday, reaching $45.54. 49,918 shares of the company traded hands, compared to its average volume of 200,139. National Bank has a 12 month low of $28.60 and a 12 month high of $46.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average price is $42.04 and its two-hundred day moving average price is $39.10. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.09 and a beta of 0.85.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. The business had revenue of $156.39 million for the quarter, compared to analysts’ expectations of $102.32 million. National Bank had a return on equity of 10.44% and a net margin of 21.40%. During the same period in the previous year, the firm posted $0.94 EPS. Equities research analysts predict that National Bank will post 3.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other National Bank news, CEO G. Timothy Laney sold 49,763 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $42.64, for a total transaction of $2,121,894.32. Following the sale, the chief executive officer now directly owns 272,126 shares in the company, valued at approximately $11,603,452.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Valerie D. Kramer sold 725 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $40.17, for a total transaction of $29,123.25. Following the transaction, the insider now owns 10,398 shares in the company, valued at $417,687.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO G. Timothy Laney sold 49,763 shares of National Bank stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $42.64, for a total transaction of $2,121,894.32. Following the completion of the sale, the chief executive officer now directly owns 272,126 shares of the company’s stock, valued at approximately $11,603,452.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,192 shares of company stock worth $4,431,998 in the last three months. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On National Bank

Several hedge funds and other institutional investors have recently modified their holdings of NBHC. Victory Capital Management Inc. grew its holdings in shares of National Bank by 12,407.1% in the second quarter. Victory Capital Management Inc. now owns 1,824,912 shares of the financial services provider’s stock worth $71,263,000 after acquiring an additional 1,810,321 shares during the period. Principal Financial Group Inc. boosted its position in National Bank by 194.7% in the second quarter. Principal Financial Group Inc. now owns 577,793 shares of the financial services provider’s stock worth $22,563,000 after purchasing an additional 381,754 shares during the last quarter. American Century Companies Inc. increased its position in shares of National Bank by 154.8% during the 2nd quarter. American Century Companies Inc. now owns 377,929 shares of the financial services provider’s stock valued at $14,758,000 after purchasing an additional 229,630 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of National Bank by 87.6% during the 1st quarter. Russell Investments Group Ltd. now owns 478,748 shares of the financial services provider’s stock valued at $17,268,000 after purchasing an additional 223,505 shares during the last quarter. Finally, Boston Partners lifted its stake in shares of National Bank by 743.6% in the 1st quarter. Boston Partners now owns 200,094 shares of the financial services provider’s stock worth $7,211,000 after purchasing an additional 176,375 shares during the period. 92.65% of the stock is owned by institutional investors.

National Bank Company Profile

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.